CNNMoney: At European banks, the fire sale continues
CNNMoney: RT @FortuneMagazine: At European banks, the fire sale continues. Hedge funds are willing to take a gamble http://t.co/J4auEuUm Original Tweet: http://twitter.com/CNNMoney/status/146238707505176577 At European banks, the fire sale continues December 9, 2011: 11:39 AM ET Big European banks, under pressure to sell assets and shrink their balance sheets, won a victory in the latest deal to save the euro. But they still have a long way to go. By Cyrus Sanati, contributor FORTUNE -- Even as European leaders convened this week an emergency summit to save the euro, European banks were busy trying to offload trillions of euros worth of assets in a bid to slim down. But while the banks may appear desperate to sell in order to fortify their balance sheets and comply with new capital restrictions, they don't seem willing to take a bath on their performing assets just yet, frustrating willing buyers hunting for an easy deal.
